New Media Investment Group Inc. (NYSE:NEWM) CEO Michael Reed acquired 20,000 shares of New Media Investment Group stock in a transaction dated Wednesday, August 16th. The shares were bought at an average cost of $13.60 per share, with a total value of $272,000.00. Following the transaction, the chief executive officer now owns 235,769 shares in the company, valued at $3,206,458.40. The purchase was disclosed in a filing with the SEC, which is available through this link.

New Media Investment Group Inc. (NEWM) traded down 1.85% during mid-day trading on Thursday, reaching $13.25. 241,788 shares of the company traded hands. New Media Investment Group Inc. has a 12-month low of $11.87 and a 12-month high of $17.19. The stock’s market capitalization is $700.46 million. The company’s 50-day moving average is $13.61 and its 200-day moving average is $13.95.

New Media Investment Group (NYSE:NEWM) last issued its quarterly earnings results on Thursday, July 27th. The company reported ($0.41) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.59. The firm had revenue of $322.90 million during the quarter, compared to analysts’ expectations of $320.54 million. New Media Investment Group had a positive return on equity of 2.22% and a negative net margin of 0.64%. New Media Investment Group’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.21 earnings per share. Equities analysts predict that New Media Investment Group Inc. will post $0.27 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Wednesday, August 9th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, August 7th. This represents a $1.40 annualized dividend and a yield of 10.57%. New Media Investment Group’s payout ratio is -1,272.73%.

New Media Investment Group announced that its Board of Directors has authorized a stock buyback program on Wednesday, May 17th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 15.8% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

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Several brokerages have recently commented on NEWM. Zacks Investment Research raised shares of New Media Investment Group from a “sell” rating to a “hold” rating in a research report on Wednesday, April 26th. BidaskClub downgraded shares of New Media Investment Group from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. TheStreet downgraded shares of New Media Investment Group from a “b-” rating to a “c” rating in a research report on Friday, May 5th. Finally, Stephens raised shares of New Media Investment Group from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $15.50.

A number of large investors have recently modified their holdings of NEWM. Texas Permanent School Fund boosted its stake in shares of New Media Investment Group by 0.8% in the second quarter. Texas Permanent School Fund now owns 39,039 shares of the company’s stock valued at $526,000 after buying an additional 324 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of New Media Investment Group by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 37,247 shares of the company’s stock valued at $529,000 after buying an additional 442 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of New Media Investment Group by 3.3% in the first quarter. Louisiana State Employees Retirement System now owns 21,800 shares of the company’s stock valued at $310,000 after buying an additional 700 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of New Media Investment Group by 3.3% in the first quarter. Arizona State Retirement System now owns 27,900 shares of the company’s stock valued at $396,000 after buying an additional 900 shares during the last quarter. Finally, Mason Street Advisors LLC boosted its stake in shares of New Media Investment Group by 9.3% in the first quarter. Mason Street Advisors LLC now owns 12,504 shares of the company’s stock valued at $178,000 after buying an additional 1,060 shares during the last quarter. 76.44% of the stock is currently owned by institutional investors.

New Media Investment Group Company Profile

New Media Investment Group Inc is a holding company. The Company owns, operates and invests in local media assets. The Company’s segments include Eastern US Publishing, Central US Publishing, Western US Publishing and BridgeTower. It focuses on owning and acquiring local media assets in small to mid-size markets.

Insider Buying and Selling by Quarter for New Media Investment Group (NYSE:NEWM)

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